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Author Topic: 2012-05-17 huffingtonpost Innovation in the Government Industry, Vol 2: Bitcoin  (Read 969 times)
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May 17, 2012, 09:10:25 PM
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Innovation in the Government Industry, Vol. 2: Bitcoin


Michael B. Fishbein
2012-05-17

http://www.huffingtonpost.com/michael-b-fishbein/innovation-in-the-governm_1_b_1519667.html

...
Bitcoin brings into question the widely held assumption that we have to use currency issued by the government to make a transaction and opposing a widely help assumption can present opportunities.
...
The risk that the government may declare Bitcoin illegal is a risk to the technology, and seems to be reflected in exchange rates.
...

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 17, 2012, 10:11:14 PM
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This was a REALLY good article. We've had a decent amount of good articles recently. Bad ones too of course. A lot of articles in general.

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May 17, 2012, 10:28:38 PM
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Yeap  Cool



http://www.google.com/trends/?q=bitcoin&ctab=0&geo=all&date=2012&sort=0

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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